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Just-In-Time Manufacturing

Just-In-Time Manufacturing. JOIN KHALID AZIZ. FRESH CLASSES ICMAP STAGE 3 COST ACCOUNTING PERFORMANCE APPRAISAL 18 TH FEBRUARY 2010 INDIVIDUAL & GROUPS. JOIN KHALID AZIZ. ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM.

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Just-In-Time Manufacturing

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  1. Just-In-TimeManufacturing

  2. JOIN KHALID AZIZ • FRESH CLASSES • ICMAP STAGE 3 • COST ACCOUNTING PERFORMANCE APPRAISAL • 18TH FEBRUARY 2010 • INDIVIDUAL & GROUPS

  3. JOIN KHALID AZIZ • ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM. • FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE B, B.COM, BBA, MBA & PIPFA. • COST ACCOUNTING OF ICMAP STAGE 2,3 ICAP MODULE D, BBA, MBA & PIPFA. • CONTACT: • 0322-3385752 • 0312-2302870 • R-1173,ALNOOR SOCIETY, BLOCK 19,F.B.AREA, KARACHI, PAKISTAN.

  4. al-jamiaBOOK HOUSE • MAXIMUM RANGE OF BOOKS • ACCA, CAT, CA, ICMAP, PIPFA, CIMA, CISA, CFA, CIA, BBA, B.COM, MBA, M.COM. • NIPA CHOWRANGI, NADEEM MEDICAL CENTRE, GULSHAN-E-IQBAL, BLOCK-6, KARACHI, PAKISTAN • 021-34960746 • 0333-2249877

  5. A Brief Overview • Central Themes • Prerequisites for Implementation • Just-In-Time Techniques • A Brainstorming Exercise • A Competitive Edge • Major Misconceptions of JIT

  6. A Brief Overview (cont’d.) • Goals of Just-In-Time Manufacturing • Advantages of Just-In-Time Manufacturing • How JIT Works • A Real World Example • An Exercise • Summary

  7. Just-In-Time Manufacturing:A Definition • Uses a systems approach to develop and operate a manufacturing system • Organizes the production process so that parts are available when they are needed • A method for optimizing processes that involves continual reduction of waste

  8. Central Themes SurroundingJust-In-Time • Simplicity • Quality • Elimination of Waste

  9. Prerequisites for JITImplementation • A Reason for Changing • Executive Commitment • Strategic Manufacturing Plan • Commitment to Action

  10. Just-In-TimeTechniques • Inventory Reduction as a Tool for Improvement • Supplier Relationships • Inventory “Pull” • Uniform Plant Loading

  11. Just-In-TimeTechniques(cont’d) • Reduced Setup Times • Shop-Floor Layout and Production Cells • Total Quality Assurance • Preventive Maintenance

  12. Brainstorming Exercise: • How can Just-In-Time Manufacturing be Effective in your Business?

  13. A Competitive Edge • Integrating and Optimizing • Improve Continuously • Understanding the Customer

  14. The Major Misconceptions of JIT • JIT is Only an Inventory Control System • It is a Method to “Push” Inventory Back to the Supplier • JIT is a Quality Control Program

  15. Goals of Just-In-Time Systems • Design for Optimum Quality and Cost • Minimize resources needed for Design and Manufacturing • Be Responsive to the Customers Needs

  16. Goals of Just-In-TimeSystems(cont’d) • Develop Trust and Open Relationships with Suppliers and Customers • Develop a Commitment to Improve the Total Manufacturing System

  17. Advantages of JIT Manufacturing • Materials Cost Savings • Manufacturing Cost Savings • Sales Cost Savings

  18. Reduction of Suppliers Long-term Contracts Reduce Order Scheduling Simplify Receiving Systems Eliminate unpacking Eliminate Inspection Eliminate inventory Stocking Eliminate Excess Material Elements in Materials Cost Saving

  19. How Just-In-Time Systems Work • Requirements for JIT Manufacturing • Firm-wide Commitment • Knowledgeable Management

  20. Respond to Customer Requirements Integrate all Processes in the Manufacturing System Employee Participation in Meeting Commitments Company wide Commitment to education Eliminate redundancy Reduce all Inventory Establish Continuous Improvement Goals Requirements for JIT

  21. Use a pull Production System Design products for Manufacturing Develop Controllable Production Processes Have a Defect Prevention Program Reduce Setup Times Build Products to Specification Requirements for JIT(cont’d)

  22. A Real World Example • The Toyota Production System

  23. A JIT Exercise • Q: What are the three central themes surrounding Just-In-Time Manufacturing and why are they important?

  24. Summary • A review of Just-In-Time Manufacturing Systems

  25. JOIN KHALID AZIZ • ECONOMICS OF ICMAP, ICAP, MA-ECONOMICS, B.COM. • FINANCIAL ACCOUNTING OF ICMAP STAGE 1,3,4 ICAP MODULE B, B.COM, BBA, MBA & PIPFA. • COST ACCOUNTING OF ICMAP STAGE 2,3 ICAP MODULE D, BBA, MBA & PIPFA. • CONTACT: • 0322-3385752 • 0312-2302870 • R-1173,ALNOOR SOCIETY, BLOCK 19,F.B.AREA, KARACHI, PAKISTAN.

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